USDNZD trade ideas
NZD/USD 3 Entries + 350 Pips 0 Drawdown , Fourth Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZDUSD BULLS ARE IN POWER NOWThe last candle which is a pin bar is very important for this whole setup, Bulls are gaining strength against bears at the support level. As a downfall candle is changed into a pin bar which indicates that the Bulls are assembled now and want to take the market up to the next resistance area.
NZDUSD is in a long position.As you can see, it has reached the bottom of the channel and I expect a positive reaction from it. The loss limit can be set at the bottom of the channel. Currently, it is the best position to buy.
SasanSeifi| NZD/USD,4-Hour Hey there, ✌ In the short-term 4-hour timeframe, we’ve observed a bearish trend starting from the 0.63700 price range. The recent breakdown below the 0.62500 level has pushed the price down to the 0.62000 zone, showing some corrective movement.
Currently, the price is trading around 0.62000.my short-term outlook leans toward further downside towards targets at 0.61700 and the demand zone below.
However, if we see signs of weakening momentum around 0.62000, there is a possibility that the market could enter a ranging phase. In such a scenario, potential pullbacks could bring the price up to levels of 0.62350, 0.62500, and 0.62750 as a corrective move before resuming the bearish trend.
To better understand the market's direction, it’s crucial to monitor price reactions in these zones.
Alternative Scenario: Price Correction Another scenario to consider is continued price correction. In this case, we expect the price to make a corrective move towards our targets. If the market enters a range and confirms the price action, we could then see positive fluctuations from the specified targets and the demand zone.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
NZD/USD Analysis for October 28, 2024: Slight Bullish Bias Amid NZD/USD Analysis for October 28, 2024: Slight Bullish Bias Amid Mixed Economic Signals
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Introduction
The NZD/USD currency pair shows signs of a slight bullish bias today, October 28, 2024, with underlying fundamental and technical factors driving the sentiment. We’ll analyze key drivers impacting the New Zealand Dollar and the US Dollar and explain why these elements may be positioning NZD/USD for potential upward momentum.
Key Drivers of Bullish Bias in NZD/USD
1. New Zealand Economic Data
- Recent economic releases out of New Zealand have provided some strength to the Kiwi dollar. Last week’s inflation rate showed resilience, slightly beating forecasts and giving the Reserve Bank of New Zealand (RBNZ) room to maintain a balanced policy stance.
- New Zealand’s Trade Balance, also recently reported, showed minor improvements, supporting the notion of a stable economic environment. This data can be a short-term positive factor for the NZD against a backdrop of uncertain global growth conditions.
2. US Dollar Weakness Amid Interest Rate Concerns
- The USD has faced challenges amid mixed economic data in the United States. As investors await the Federal Reserve’s upcoming policy statement, speculation about the potential halt or slowdown of rate hikes could add pressure on the USD.
- Recent softening in US consumer confidence and labor market data raises expectations that the Fed may take a more dovish approach, which may weaken the USD and offer NZD/USD pair some bullish support.
3. Global Sentiment and Risk Appetite
- The current global risk sentiment also influences the NZD, a traditionally risk-sensitive currency. With global markets showing resilience and stocks rebounding, there is a slight increase in demand for riskier assets, such as the NZD. Should this risk-on sentiment continue, NZD/USD could benefit from increased interest in the Kiwi.
- Commodity prices, particularly dairy—New Zealand’s largest export—have remained relatively stable, offering support to the Kiwi and enhancing its attractiveness in the current environment.
4. Technical Analysis: Support and Resistance Levels
- Support Level: The 0.5800 level appears to be a strong support for NZD/USD. Should this level hold, it could provide a basis for further upward movement.
- Resistance Level: A key resistance level is near 0.5950. If the NZD/USD pair breaks through this resistance, it could signal additional bullish momentum and further gains.
- Moving averages and momentum indicators are showing a neutral to slightly positive sentiment, reflecting a minor upward trend.
Conclusion
Given these factors, NZD/USD may show a slight bullish bias today as it finds support in New Zealand's economic resilience, potential Fed rate decisions, and stable risk sentiment. However, traders should monitor any upcoming news and economic data for changes in sentiment, as global financial markets remain highly reactive.
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NZD/USD Poised to Reach 0.6000NZD/USD Poised to Reach 0.6000
NZD/USD tested a strong resistance zone near 0.6060 and faced multiple rejections from that area.
The price also closed three consecutive bearish candles, indicating increased bearish momentum.
Given this pattern, we may see NZD/USD move down to 0.6000 in the coming days, considering its tendency to decline with low volume.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Read the NZDUSD MarketLet's Look at NZDUSD Chart and make some Decisions for this Week, Good Luck With Your Trades <3
NZD/USD for a bullish move ?the price has entered my Daily demand zone. but for a better entry i go to the 4H for another zone to time the market. looking at numbers its also insinuating that the market might shift for a bulish move begin next week. what i hope happens is the market coming to my 4H demand zone and leave with a nice rejection candle. thats when i wil enter my position.
if that doesnt happen i wil look for the market to create a new 4H demand zone in the Daily demand with the same 4H rejection for an entry. always keep your options open.
NZDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Shorting NZD/USDThe USD, benefiting from a safe-haven status and strong economic data, is likely to see further gains, reinforcing the potential for a decline in NZD/USD.
NZDUSD 4H (SMC edition)📊NZDUSD 4H Analysis
-We have a bearish orderflow on our 4H trend with a recent sweep and break⬇️to the downside giving us a new POI.
-This marked orderflow is our supply zone and trading area due to its candles taking both buyside and sellside liquidity (valid OB)☑️
📊📉NEW SETUP: Breakout & retest
-We can anticipate a bearish continuation from the zone to the downside as per trend.
NZDUSD BUY SETUP !!“When I became a winner, I said, ‘I figured it out, but if I’m wrong, I’m getting the hell out, because I want to save my money and go on to the next trade.’” – Marty Schwartz
Nzd/usd pair retracement back up to supply zone arealong nzd/usd . reason
change of character
to a break of structure
stop below break of structure
target 1:3 risk to reward ratio into the supply area.
59.987 stop loss
60.162 target
NZD/USD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are going long on the NZD/USD with the target of 0.610 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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Kiwi H4 | Rising into overlap resistanceThe Kiwi (NZD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6025 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.6055 which is a swing-high resistance.
Take profit is at 0.5981 which is a swing-low support.
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NZDUSD: Potential for Slight Bullish Bias Amid Key Fundamental !NZDUSD: Potential for Slight Bullish Bias Amid Key Fundamental Drivers (25/10/2024)
Today, the NZDUSD currency pair shows potential for a slight bullish bias, influenced by a blend of fundamental factors and evolving market conditions. Let's dive into the primary drivers impacting the New Zealand Dollar to US Dollar (NZDUSD) pair today and assess whether the bullish sentiment could hold.
1. New Zealand's Economic Data and RBNZ Stance
The Reserve Bank of New Zealand (RBNZ) has maintained a balanced tone on interest rates amid recent economic data. Despite slower-than-expected growth figures, the New Zealand economy demonstrates resilience in key sectors like exports and services, which might provide support for the NZD. Market expectations for RBNZ’s neutral-to-hawkish stance add a slight bullish outlook for the NZD, as investors anticipate steady policy moves that avoid aggressive tightening while also signaling confidence in the economy’s fundamentals.
2. US Dollar Moderation Amid Potential Fed Pause
The US Dollar Index (DXY) has shown signs of consolidation as Federal Reserve officials continue to weigh the potential for a pause in rate hikes. Recently, the USD’s bullish momentum has softened, with investors focusing on US inflation data that suggests a gradual cooling, potentially easing pressure on the Fed to maintain a tight monetary policy stance. This development could limit the USD’s strength, lending support to a slight upside for NZDUSD as investors look for alternative assets.
3. China’s Economic Resilience and Impact on NZD
China, as New Zealand's primary trading partner, influences the NZD through commodity prices and trade flows. Recent signs of resilience in China’s economy, particularly in industrial production and retail sales, may boost market sentiment for currencies like the NZD, as stronger demand for New Zealand’s exports could improve trade dynamics. This positive external factor indirectly supports the NZD, making NZDUSD slightly more appealing in today’s trading landscape.
4. Technical Levels and Market Sentiment for NZDUSD
On the technical analysis front, NZDUSD has shown support near the 0.5850 level, with a potential resistance zone around 0.5950. Should the pair break above the 0.5900 mark, we could see momentum strengthening, bolstered by the factors discussed. RSI indicators are also neutral, suggesting room for upward movement without immediate overbought concerns. A slight bullish bias may prevail, provided these technical and sentiment indicators remain supportive.
Summary: Slight Bullish Bias for NZDUSD
In summary, NZDUSD could hold a slight bullish bias today, with influences from New Zealand’s resilient economy, a softer USD, and supportive technical indicators. Traders might find opportunities if bullish momentum strengthens, keeping an eye on US Dollar trends, RBNZ announcements, and China's economic performance for additional cues.
Keywords:
1. NZDUSD forecast
2. New Zealand Dollar analysis
3. US Dollar impact
4. RBNZ policy stance
5. NZDUSD technical levels
6. Forex trading insights
7. Federal Reserve impact
8. China economy influence
9. NZDUSD bullish bias
NZDUSD SHORT Break and retest from my last Setup
Market structure Bearish on HTFs 30
Entry at Daily AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Previous Daily Structure Point
H4 Candlestick rejection
Rejection from Previous structure
Levels 3.49
Entry 90%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
NZDUSD H1The New Zealand dollar against the US dollar is still trending downwards, but we notice a slow decline, which requires a return of positivity. Accordingly, after receiving a price action signal, we look forward to buying from levels 0.5973
With first targets: 0.60852
Second target: 0.61214
Third target: 0.61967
The stop is the closing of an hourly candle below levels: 0.59446
Don't forget to take a buy price action
OANDA:NZDUSD
NZDUSD: Bearish Rally Continues 🇳🇿🇺🇸
NZDUSD may keep falling after a release of US fundamentals.
As a confirmation, I see a breakout of a support line of a bearish
flag pattern after a test of a key resistance level.
The price will most likely reach 0.6 level soon.
❤️Please, support my work with like, thank you!❤️
Nzdusd sellsLong run sellssource = input(defval=close, title="Source")
// Smooth Average Range
per1 = input(defval=27, minval=1, title="Fast period")
mult1 = input(defval=1.6, minval=0.1, title="Fast range")
per2 = input(defval=55, minval=1, title="Slow period")
mult2 = input(defval=2, minval=0.1, title="Slow range")
smoothrng(x, t, m) =>
wper = t * 2 - 1
avrng = ema(abs(x - x ), t)
smoothrng = ema(avrng, wper) * m
smoothrng
smrng1 = smoothrng(source, per1, mult1)
smrng2 = smoothrng(source, per2, mult2)
smrng = (smrng1 + smrng2) / 2
// Range Filter
rngfilt(x, r) =>
rngfilt = x
rngfilt := x > nz(rngfilt ) ? x - r < nz(rngfilt ) ? nz(rngfilt ) : x - r :
x + r > nz(rngfilt ) ? nz(rngfilt ) : x + r
rngfilt
filt = rngfilt(source, smrng)
upward = 0.0
upward := filt > filt ? nz(upward ) + 1 : filt < filt ? 0 : nz(upward )
downward = 0.0
downward := filt < filt ? nz(downward ) + 1 : filt > filt ? 0 : nz(downward )
hband = filt + smrng
lband = filt - smrng
longCond = bool(na)
shortCond = bool(na)
longCond := source > filt and source > source and upward > 0 or source > filt and source < source and upward > 0
shortCond := source < filt and source < source and downward > 0 or source < filt and source > source and downward > 0
CondIni = 0
CondIni := longCond ? 1 : shortCond ? -1 : CondIni
long = longCond and CondIni == -1
short = shortCond and CondIni == 1
// Plotting
plotshape(long, title="Long", text="Long", style=shape.labelup, textcolor=color.black, size=size.tiny, location=location.belowbar, color=color.lime, transp=0)
plotshape(short, title="Short", text="Short", style=shape.labeldown, textcolor=color.white, size=size.tiny, location=location.abovebar, color=color.red, transp=0)
// Alerts
alertcondition(long, title="Long", message="Long")
alertcondition(short, title="Short", message="Short")
Nzdusd sellsLong run sellssource = input(defval=close, title="Source")
// Smooth Average Range
per1 = input(defval=27, minval=1, title="Fast period")
mult1 = input(defval=1.6, minval=0.1, title="Fast range")
per2 = input(defval=55, minval=1, title="Slow period")
mult2 = input(defval=2, minval=0.1, title="Slow range")
smoothrng(x, t, m) =>
wper = t * 2 - 1
avrng = ema(abs(x - x ), t)
smoothrng = ema(avrng, wper) * m
smoothrng
smrng1 = smoothrng(source, per1, mult1)
smrng2 = smoothrng(source, per2, mult2)
smrng = (smrng1 + smrng2) / 2
// Range Filter
rngfilt(x, r) =>
rngfilt = x
rngfilt := x > nz(rngfilt ) ? x - r < nz(rngfilt ) ? nz(rngfilt ) : x - r :
x + r > nz(rngfilt ) ? nz(rngfilt ) : x + r
rngfilt
filt = rngfilt(source, smrng)
upward = 0.0
upward := filt > filt ? nz(upward ) + 1 : filt < filt ? 0 : nz(upward )
downward = 0.0
downward := filt < filt ? nz(downward ) + 1 : filt > filt ? 0 : nz(downward )
hband = filt + smrng
lband = filt - smrng
longCond = bool(na)
shortCond = bool(na)
longCond := source > filt and source > source and upward > 0 or source > filt and source < source and upward > 0
shortCond := source < filt and source < source and downward > 0 or source < filt and source > source and downward > 0
CondIni = 0
CondIni := longCond ? 1 : shortCond ? -1 : CondIni
long = longCond and CondIni == -1
short = shortCond and CondIni == 1
// Plotting
plotshape(long, title="Long", text="Long", style=shape.labelup, textcolor=color.black, size=size.tiny, location=location.belowbar, color=color.lime, transp=0)
plotshape(short, title="Short", text="Short", style=shape.labeldown, textcolor=color.white, size=size.tiny, location=location.abovebar, color=color.red, transp=0)
// Alerts
alertcondition(long, title="Long", message="Long")
alertcondition(short, title="Short", message="Short")
